How to withdraw money from tokens? | Etherscan info attached

CryptoTech_

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Quote from: btcwish1 on November 28, 2020, 11:56:55 AM

Dear friends,

I am not very familiar with erc tokens and myetherwallet.

I purchased some erc tokens ( useless tokens Huh

) long time back. I was just checking myeatherwallet and saw there is some amount. Can you please advise how can I withdraw money or convert them to other crypto. Its small amount but every penny helps.

screen shot:
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Those that have a value above $ 10 you can send it to the exchange where the token is listed, you can see Coinmarketcap for wherever the token is traded. As for those who have a value below $ 10 I think you better forget about it.

southerngentuk

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I have a share that will be more useful and easier for you. First you need to install metamask on the browser you use. Then add your wallet in the metamask and get started using https://etherscan.io/address/.... to check the tokens you want. By clicking on the token information on that site you will get information about that token, and you can get 'contract' to 'addtoken' on metamask. And the token will show up and you can transfer it to any other because or go to an exchange to sell your token.

Squezzi55

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Quote from: btcwish1 on November 28, 2020, 11:56:55 AM

Dear friends,

I am not very familiar with erc tokens and myetherwallet.

I purchased some erc tokens ( useless tokens Huh

) long time back. I was just checking myeatherwallet and saw there is some amount. Can you please advise how can I withdraw money or convert them to other crypto. Its small amount but every penny helps.

screen shot:

Find the listed exchanges for every single tokens in your Ethereum address, I believe that datum token is listed on huobi and wepower token is listed on binance and huobi, these two tokens are the most valuable assets in your wallet right now excluding Ethereum itself, also you can only send the tokens to listed exchange using Ethereum, you don't want to sell Ethereum first or you will get stuck finding gas fee

posi

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Quote from: btcltcdigger on November 29, 2020, 03:18:35 AM

Quote from: posi on November 28, 2020, 05:25:35 PM

Quote from: btcltcdigger on November 28, 2020, 03:39:22 PM

Quote from: posi on November 28, 2020, 03:25:17 PM

Since you claim not be familiar with the ERC20 and myetherwallet. I think what you need to know is that Myetherwallet is a web wallet and every web wallet are vulnerable to attack so i will advise you to integrate
1) the metamask extension on your browser import your ETH wallet on metamask using your private keys.
2) Googling the token online to find the exchange where it listed (example google "datum token" which is listed on capital market and huobi is the best exchange for you to sell it).
Note : you need to consider the price of the token, tx fee and exchange withdraw limit if the token is not listed on instant exchange like uniswap so it wont be a waste of time, efforr and tx fee from your ending

Quote from: btcltcdigger on November 28, 2020, 02:54:28 PM

- Go to uniswap
- connect wallet

It not all ERC20 that are traded on uniswap and is not advisable for the OP to connect with uniswap using Myetherwallet.

This only tells me you skipped most of the OP's post.
Since etherscan is showing a price, this is a 99% guarantee there will be liquidity on uniswap.

No, it does not guarantee the token was listed on uniswap. I'm once a participant of Digital Gold Token bounty, they pay with their token which is not listed on uniswap but their local instant exchange and exchange like Bitforex but etherscan shows the price of the token in USD.

Quote from: btcltcdigger on November 28, 2020, 03:39:22 PM

And why is it not advisable? Uniswap is the aingle biggest DEX for erc20. i'd sooner truat uniswap than binance

I believe you just misunderstanding me cause i wasnt referring to Uniswap but advising the OP to be security conscious cause web wallet can be easily attack and with the previous situation of Myetherwallet victim it not advisable to use Myetherwallet on Uniswap even the site provide this hints sometimes.
Aside, no crypto geek will advise the use of web wallet.

Myetherwallet isn't a web wallet, it's only an access point to your wallet. You still own and hold the private keys.
If you're a tool and end up on a phishing site, and still enter the seed words when they ask you, then that's on you. But that's not the topic of this

You amazed me when you said Myetherwallet is not a web wallet because it users own and hold the wallet private keys. If myetherwallet is not a web wallet that makes blockhain.info, Guarda etc not to be a web wallet either but are sure you are the same btcltcdigger, i know?

MandatoryOption

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Quote from: btcltcdigger on November 28, 2020, 03:39:22 PM

Since etherscan is showing a price, this is a 99% guarantee there will be liquidity on uniswap.

No, it's not! You know, there are other exchanges where etherscan can get the price from! WPR, for example, which OP holds would have a price impact of almost 60% on Uniswap V1 and no liquidity at all on V2! And OP only has 1600 tokens. On Uniswap he would get way less than on Binance for example.

It doesn't always make sense to use Uniswap!

Best thing OP can do is check his tokens on coingecko and check there on which exchange the tokens are traded: WPR for example is on Binance. I would sell it on Binance. Way cheaper than using Uniswap.

sniveel

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All you need to do is to transfer those coins/tokens of yours to crypto exchanges and try to sell it for ethereum or bitcoin. But first, make sure that you have enough balance to cover for gas fees. And once you already trade it, transfer it into a designated wallet where you can withdraw it through banks or remittance center/s.

isaac_clarke22

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Probably search for that coin on where it is listed at. Then you'll surely be able to convert that coin to any coins you wanted. Not sure on from what crypto coins you wanted it to be cashed out, BTC , ETH?
That's a lot of token btw so make sure you do this earlier because many coins get dumped ending up to late-sellers to sell to almost non-profitable value.

btcltcdigger

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Quote from: posi on November 28, 2020, 05:25:35 PM

Quote from: btcltcdigger on November 28, 2020, 03:39:22 PM

Quote from: posi on November 28, 2020, 03:25:17 PM

Since you claim not be familiar with the ERC20 and myetherwallet. I think what you need to know is that Myetherwallet is a web wallet and every web wallet are vulnerable to attack so i will advise you to integrate
1) the metamask extension on your browser import your ETH wallet on metamask using your private keys.
2) Googling the token online to find the exchange where it listed (example google "datum token" which is listed on capital market and huobi is the best exchange for you to sell it).
Note : you need to consider the price of the token, tx fee and exchange withdraw limit if the token is not listed on instant exchange like uniswap so it wont be a waste of time, efforr and tx fee from your ending

Quote from: btcltcdigger on November 28, 2020, 02:54:28 PM

- Go to uniswap
- connect wallet

It not all ERC20 that are traded on uniswap and is not advisable for the OP to connect with uniswap using Myetherwallet.

This only tells me you skipped most of the OP's post.
Since etherscan is showing a price, this is a 99% guarantee there will be liquidity on uniswap.

No, it does not guarantee the token was listed on uniswap. I'm once a participant of Digital Gold Token bounty, they pay with their token which is not listed on uniswap but their local instant exchange and exchange like Bitforex but etherscan shows the price of the token in USD.

Quote from: btcltcdigger on November 28, 2020, 03:39:22 PM

And why is it not advisable? Uniswap is the aingle biggest DEX for erc20. i'd sooner truat uniswap than binance

I believe you just misunderstanding me cause i wasnt referring to Uniswap but advising the OP to be security conscious cause web wallet can be easily attack and with the previous situation of Myetherwallet victim it not advisable to use Myetherwallet on Uniswap even the site provide this hints sometimes.
Aside, no crypto geek will advise the use of web wallet.

Myetherwallet isn't a web wallet, it's only an access point to your wallet. You still own and hold the private keys.
If you're a tool and end up on a phishing site, and still enter the seed words when they ask you, then that's on you. But that's not the topic of this

Bitstar_coin

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Quote from: Fesatmas on November 28, 2020, 01:19:51 PM

bro we are one ship

almost 30 minutes ago I spent time checking all wallets in MEW, and I was very confused about how to withdraw all these tokens, even in all my MEW wallets I have these tokens. almost quite a lot, and we are indeed the same boat hahaha

this is real

I hope you have your private keys of this wallet in question stored somewhere safe from the reach of others , without your keys, phrase you can't access the wallet, I will advise you follow all the guides given above, I saw some helpful guide that can help you to understand the process, it is not difficult to understand, very simple in my opinion.

Cameron1Love

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Quote from: btcwish1 on November 28, 2020, 11:56:55 AM

Dear friends,

I am not very familiar with erc tokens and myetherwallet.

I purchased some erc tokens ( useless tokens Huh

) long time back. I was just checking myeatherwallet and saw there is some amount. Can you please advise how can I withdraw money or convert them to other crypto. Its small amount but every penny helps.

screen shot:

Better to check your private key and please take care if what you will do to your wallet and private key. And check the real value of your coins before to sell it to the right exchange that has listed the coin. Its my experience I'm happy when I saw my coin have a value but when I try to sell on exchange its like a bug of value only and the real value is small amount.

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Just to add also, like for example the WPR token. It is listed in several exchanges - https://www.coingecko.com/en/coins/wepower#markets. But I would suggest to trade it with Binance (https://www.binance.com/en/trade/WPR_BTC) if OP can't find it in Uniswap. If you don't have account in Binance, you can create one. And then get the deposit address of the WPR token. Send it to that address and trade it with btc, now you have coins in btc. With the current rate, you can get about 75k satoshis. And you can do that with others like the DAT (https://www.coingecko.com/en/coins/datum#markets).

bitkanu

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The first step that you must try to search the exchange sites that were available to trade your tokens and then you should sign up to the exchange site, I just try to remind you that only use the legit exchange site.
Since those are also ERC20 token and you can also use uniswap.

Open your wallet through use your privatekey and you must go to the send and receive tab. (I used mycrypto)
Put the destination address and add your custom tokens.

posi

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Quote from: btcltcdigger on November 28, 2020, 03:39:22 PM

Quote from: posi on November 28, 2020, 03:25:17 PM

Since you claim not be familiar with the ERC20 and myetherwallet. I think what you need to know is that Myetherwallet is a web wallet and every web wallet are vulnerable to attack so i will advise you to integrate
1) the metamask extension on your browser import your ETH wallet on metamask using your private keys.
2) Googling the token online to find the exchange where it listed (example google "datum token" which is listed on capital market and huobi is the best exchange for you to sell it).
Note : you need to consider the price of the token, tx fee and exchange withdraw limit if the token is not listed on instant exchange like uniswap so it wont be a waste of time, efforr and tx fee from your ending

Quote from: btcltcdigger on November 28, 2020, 02:54:28 PM

- Go to uniswap
- connect wallet

It not all ERC20 that are traded on uniswap and is not advisable for the OP to connect with uniswap using Myetherwallet.

This only tells me you skipped most of the OP's post.
Since etherscan is showing a price, this is a 99% guarantee there will be liquidity on uniswap.

No, it does not guarantee the token was listed on uniswap. I'm once a participant of Digital Gold Token bounty, they pay with their token which is not listed on uniswap but their local instant exchange and exchange like Bitforex but etherscan shows the price of the token in USD.

Quote from: btcltcdigger on November 28, 2020, 03:39:22 PM

And why is it not advisable? Uniswap is the aingle biggest DEX for erc20. i'd sooner truat uniswap than binance

I believe you just misunderstanding me cause i wasnt referring to Uniswap but advising the OP to be security conscious cause web wallet can be easily attack and with the previous situation of Myetherwallet victim it not advisable to use Myetherwallet on Uniswap even the site provide this hints sometimes.
Aside, no crypto geek will advise the use of web wallet.

nrvasquez

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Maybe you should consider the fees bro, looking at the tokens you have in your wallet, I think you can only do a few swaps on uniswap. Don't be too hasty, maybe ethereum 2.0 can solve the issue of gas fees better than we thought, but for now maybe you can only swap on uniswap for some of your tokens.

btcltcdigger

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Quote from: posi on November 28, 2020, 03:25:17 PM

Since you claim not be familiar with the ERC20 and myetherwallet. I think what you need to know is that Myetherwallet is a web wallet and every web wallet are vulnerable to attack so i will advise you to integrate
1) the metamask extension on your browser import your ETH wallet on metamask using your private keys.
2) Googling the token online to find the exchange where it listed (example google "datum token" which is listed on capital market and huobi is the best exchange for you to sell it).
Note : you need to consider the price of the token, tx fee and exchange withdraw limit if the token is not listed on instant exchange like uniswap so it wont be a waste of time, efforr and tx fee from your ending

Quote from: btcltcdigger on November 28, 2020, 02:54:28 PM

- Go to uniswap
- connect wallet

It not all ERC20 that are traded on uniswap and is not advisable for the OP to connect with uniswap using Myetherwallet.

This only tells me you skipped most of the OP's post.
Since etherscan is showing a price, this is a 99% guarantee there will be liquidity on uniswap.

And why is it not advisable? Uniswap is the aingle biggest DEX for erc20. i'd sooner truat uniswap than binance

bitbollo

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I am not sure it is really worth exchange with a centralized exchange since you risk to pay more in gas fee and then from exchange for withdraw.
it could be better try to sold directly to some user on forum maybe interested in all tokens for a discount price.
or just wait the price will raise again in the upcoming months Wink

(ps for some of these tokens I am not sure they will have a minimum value but storage it's free

)

posi

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Since you claim not be familiar with the ERC20 and myetherwallet. I think what you need to know is that Myetherwallet is a web wallet and every web wallet are vulnerable to attack so i will advise you to integrate
1) the metamask extension on your browser import your ETH wallet on metamask using your private keys.
2) Googling the token online to find the exchange where it listed (example google "datum token" which is listed on capital market and huobi is the best exchange for you to sell it).
Note : you need to consider the price of the token, tx fee and exchange withdraw limit if the token is not listed on instant exchange like uniswap so it wont be a waste of time, efforr and tx fee from your ending

Quote from: btcltcdigger on November 28, 2020, 02:54:28 PM

- Go to uniswap
- connect wallet

It not all ERC20 that are traded on uniswap and is not advisable for the OP to connect with uniswap using Myetherwallet.

btcltcdigger

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Quote from: Paycoinzzz on November 28, 2020, 01:49:43 PM

Very easy.
Step 1: Find the exchanges listed above.
Step 2: Create an account in exchanges and navigate to Deposit section.
Step 3: Copy deposit address and paste it in the withdraw address section.
Step 4: withdraw the maximum token you have and then sell it on the exchange.
Done.

It's even simpler than that

- Go to uniswap
- connect wallet
- find the tokens you want to sell and find the eth/usdt token you want to receive
- approve
- swap
- profit!

FinneysTrueVision

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For anything worth less than $10 you will probably spend too much in fees that it is not worth exchanging. You can probably exchange these coins on Uniswap, although there is not a lot of volume and you will have to accept whatever price is available. ETH fees aren't too high right now but since smart contract interactions are required for the exchanging it'll be more expensive than a regular transaction.

angrybirdy

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The only thing you need to do is to find the exchange of these altcoins. But I am afraid that you can only sell those above $10 because if you transfer those coins worth $2, it won't even be enough for you to withdraw it once you sell it already. However, you can still check if these coins have the same exchanges, if ever they do, you can sell them at once so you can save with the withdrawal fee.

Topic: How to withdraw money from tokens? | Etherscan info attached (Read 360 times)